What is a condition of Hyatt's approval of any Management Company for a Caption By Hyatt franchise?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
- (b) Management Company Documents. As a condition of Hyatt's approval of any Management Company, the Management Company must (i) sign the documents Hyatt requires to protect its intellectual property rights and to reflect the Management Company's agreement to perform its management responsibilities and otherwise operate the Hotel in compliance with this Agreement (collectively, the "Management Company Documents"); and (ii) attend and successfully complete Hyatt's designated then current operator training programs for Brand Hotels, if any. The current version of the Management Company Documents is attached as Exhibit F. Hyatt may refuse to approve a Management Company that is a Competing Brand Owner. If Hyatt has approved a Management Company as of the Effective Date, or if Hyatt has approved Franchisee to manage the Hotel as of the Effective Date, then the approved Management Company (if applicable) is listed on Exhibit B-1.
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to the 2025 Caption By Hyatt Franchise Disclosure Document, a condition of Hyatt's approval of any Management Company is that the Management Company must sign the documents Hyatt requires to protect its intellectual property rights and to reflect the Management Company's agreement to perform its management responsibilities and otherwise operate the Hotel in compliance with the Franchise Agreement. These documents are collectively known as the "Management Company Documents".
Additionally, the Management Company must attend and successfully complete Hyatt's designated then-current operator training programs for Brand Hotels, if any. Hyatt retains the right to refuse approval of a Management Company if that company is a Competing Brand Owner.
These conditions ensure that the Management Company adheres to Hyatt's standards and protects Hyatt's interests. Prospective Caption By Hyatt franchisees should carefully review Exhibit F of the Franchise Agreement, which contains the current version of the Management Company Documents, to fully understand the obligations and requirements placed on any Management Company they intend to use.